For the second consecutive week, the federal government achieved an oversubscription of 13.61% within the treasury invoice public sale.
However this got here at a good larger value as rates of interest surged up the yield curve.
In line with the outcomes of the tender by the Financial institution of Ghana, the federal government acquired GH¢8.4 billion however accepted GH¢8.29 billion of the tender.
The 91-day invoice as soon as once more acquired essentially the most subscriptions, with 6.03 billion francs of tenders submitted, representing 71.5% of the full tenders. All bids have been accepted.
Bids of about GH¢1.1 billion have been recorded for the invoice, which has a deadline of 182 days. A little bit over GH¢1 billion was accepted.
The 364-day invoice acquired Gigawon 1.29 billion of the tenders. Simply over GH¢1.04 billion was accepted.
In the meantime, rates of interest on the yield curve have been combined.
The 91-day yield rose 3.0 foundation factors to five.04%.
Nonetheless, for 182-day bonds, the yield was 7.08%, down from 7.09% the earlier week.
Nonetheless, the 364-day yield rose 14.0 foundation factors to 10.97%.
| securities | Bid (GH¢) | BID APPROVED (GH¢) |
| 91 day invoice | 6.03 billion | 6.03 billion |
| Invoice for 182 days | 1.1 billion | 1.04 billion |
| 364 days invoice | 1.29 billion | 1.21 billion |
| whole | 8.43 billion | 8.29 billion |
| goal | 7.42 billion |
